11/07/2022
Warning over South Africa’s greylist rush
That means South Africa has to address its partial compliance or non-compliance with 20 of the FATF’s “Forty Recommendations” by February 2023.
Regulation,Tax & Compliance
11/07/2022
Former CEO of Beige Bank charged with money laundering, theft
The Bank’s license was revoked by BoG on August 1, 2018.
11/07/2022
Union Bank, Attijariwafa seal pact to expand African footprint
Union Bank and Attijariwafa will develop new joint business opportunities for their respective customers that seek to support the trade finance and investment corridors between Nigeria and all the countries where Attijariwafa operates.
11/07/2022
MAS to cooperate with Ghana to open trade and financial corridor
It will work with the Bank of Ghana and the Development Bank of Ghana for the project.
11/07/2022
FG denies payment of half salary to ASUU in Oct.
He described both reports as grossly inaccurate, misleading and brazen distortion of the facts.
11/04/2022
World Bank approves $497m Komati switch to renewables
SA’s power sector contributes to 41% of the country’s CO₂ emissions, according to the World Bank
11/04/2022
Ramaphosa suggests Soweto debt to Eskom can be scrapped
The power utility is owed R5bn by residents
11/04/2022
Transnet to reprioritise budget to allow for wage hikes
Group CEO Portia Derby says the R8.5bn given by the state in the medium-term budget will fund the repair of infrastructure
11/04/2022
Administrative Court Finds Shortcomings in the State General Account
TA indicates that there have been improvements in the management of public funds.
11/02/2022
Banks collapse: Gov't erred — Bagbin
He has indicated that the government erred in not supporting local banks to succeed following the clean-up of the financial sector.
11/01/2022
President Nana Akufo-Addo announces budget cuts to salvage economy
Growth slowed and money borrowed in the markets became increasingly high in price.
10/31/2022
TymeBank warns customers against becoming unwitting ‘money mules’
Says criminals in search of bank accounts through which to launder money raise the risk of consumers being arrested and their credit and financial standing damaged.
10/28/2022
African Development Bank launches USD 2 billion 5-year 4.375% Global Benchmark due 3 November 2027
This transaction marks the Bank’s second USD Global Benchmark in 2022 following the 3-year USD 1 billion benchmark issued in June
10/28/2022
Proposed changes for JSE listings in South Africa
As a result, the JSE prioritises the following amendments to its listing and debt listing requirements.
10/27/2022
CBN to launch new naira designs December; suspends deposit charges
Although global best practice is for central banks to redesign, produce and circulate new local legal tender every 5–8 years, the Naira has not been redesigned in the last 20 years.
10/27/2022
Banker and Regulator Agree Chat Commerce can Radically Shift Financial Inclusion in Nigeria
Lindemann went on to share that the best way to reach customers where they are is on their phone.
10/27/2022
Ghana’s currency is slumping because of its dollar-buying spree
Pressure grows on president Nana Akufo-Addo to fire key ally.
10/27/2022
NGX Builds Capital Market Capacity on Finance Act
Giving his opening remarks, the Chief Executive Officer, NGX, Mr Temi Popoola underscored the importance of the event, “as the Exchange plays a leading role in driving capacity building, fostering effective collaboration, deepening and enhancing the
10/27/2022
AfDB seeks private sector in driving SAPZ
He said: “Implementation of SAPZs through public-private partnership framework is anchored on division of labour among the actors.
10/26/2022
Rand tanks as markets see no end to load shedding and Transnet woes
The government is expected to absorb at least part of Eskom’s debt onto to its balance sheet in future